Norway Passenger Vehicles Lubricants Market Size
| Study Period | 2015 - 2026 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2026 |
| Historical Data Period | 2015 - 2019 |
| CAGR (2024 - 2026) | -0.62 % |
| Market Concentration | High |
Norway Passenger Vehicles Lubricants Market Analysis
The Norway Passenger Vehicles Lubricants Market size is estimated at 8.85 Million Liters in 2024, and is expected decline to 8.74 Million Liters by 2026.
- Largest Segment by Product Type - Engine Oils : Engine oil is the leading product type due to its high volume requirements and shorter drain intervals, as it is used for high-temperature and high-pressure applications.
- Fastest Segment by Product Type - Transmission & Gear Oils : Growing electric vehicle sales and increasing automatic transmissions in the country are likely to drive the demand for transmission oils during the forecast period.
Norway Passenger Vehicles Lubricants Market Trends
This section covers the major market trends shaping the Norway Passenger Vehicles Lubricants Market according to our research experts:
Largest Segment By Product Type : <span style="font-family: 'regular_bold';color:#0e7db3;">Engine Oils</span>
- Passenger vehicles form the second-largest segment in terms of automotive lubricant consumption. During 2015-2019, Norway recorded a negative CAGR of 1.26% in passenger vehicle lubricant consumption due to a significant rise in the scrappage of fossil fuel-based vehicles and an increase in EV sales.
- Due to the lockdown related to COVID-19, lubricant consumption in this segment further dropped by 8.40% in 2020. During the first four months of 2021, the country recorded a surge in the number of COVID-19 cases, which may reduce the pace of growth during the rest of 2021.
- The Norwegian government plans to adopt 100% electric vehicles by 2025, which is expected to increase the scrappage of fossil-fuel based passenger vehicles in the country. Therefore, with such trends, passenger vehicle lubricant consumption in Norway is likely to record a negative CAGR of 0.80% during 2021-2026.
Norway Passenger Vehicles Lubricants Industry Overview
The Norway Passenger Vehicles Lubricants Market is moderately consolidated, with the top five companies occupying 55.85%. The major players in this market are BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies (sorted alphabetically).
Norway Passenger Vehicles Lubricants Market Leaders
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BP PLC (Castrol)
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ExxonMobil Corporation
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FUCHS
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Royal Dutch Shell Plc
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TotalEnergies
*Disclaimer: Major Players sorted in no particular order
Norway Passenger Vehicles Lubricants Market News
- June 2021: TotalEnergies and Stellantis group renewed their partnership for cooperation across different segments. Along with the renewal of partnerships with Peugeot, Citroën, and DS Automobiles, the new collaboration extends to Opel, and Vauxhall as well. This partnership includes the development and innovation of lubricants, first-fill in Stellantis group vehicles, recommendation of Quartz lubricants, and shared usage of charging stations operated by TotalEnergies, among others.
- June 2021: Champion Lubricants formed a partnership with FIA World Rallycross Championship, where the company is expected to provide its lubricant products until 2021.
- April 2021: Texaco Lubricants introduced three new engine oils within the successful Texaco Havoline ProDS range, each with manufacturer approvals. The oils have been designed to provide enhanced wear protection even with a lubricant layer of 2 microns.
Norway Passenger Vehicles Lubricants Market Report - Table of Contents
1. Executive Summary & Key Findings
2. Introduction
- 2.1 Study Assumptions & Market Definition
- 2.2 Scope of the Study
- 2.3 Research Methodology
3. Key Industry Trends
- 3.1 Automotive Industry Trends
- 3.2 Regulatory Framework
- 3.3 Value Chain & Distribution Channel Analysis
4. Market Segmentation
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4.1 By Product Type
- 4.1.1 Engine Oils
- 4.1.2 Greases
- 4.1.3 Hydraulic Fluids
- 4.1.4 Transmission & Gear Oils
5. Competitive Landscape
- 5.1 Key Strategic Moves
- 5.2 Market Share Analysis
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5.3 Company Profiles
- 5.3.1 BP PLC (Castrol)
- 5.3.2 Champion Lubricants
- 5.3.3 CHEVRON CORPORATION
- 5.3.4 ExxonMobil Corporation
- 5.3.5 FUCHS
- 5.3.6 Gulf Oil International
- 5.3.7 Motul
- 5.3.8 PETRONAS Lubricants International
- 5.3.9 Royal Dutch Shell Plc
- 5.3.10 TotalEnergies
- *List Not Exhaustive
6. Appendix
- 6.1 Appendix-1 References
- 6.2 Appendix-2 List of Tables & Figures
7. Key Strategic Questions for Lubricants CEOs
** Subject To AvailablityNorway Passenger Vehicles Lubricants Industry Segmentation
| By Product Type | Engine Oils |
| Greases | |
| Hydraulic Fluids | |
| Transmission & Gear Oils |
Norway Passenger Vehicles Lubricants Market Research FAQs
What is the current Norway Passenger Vehicles Lubricants Market size?
In 2024, the Norway Passenger Vehicles Lubricants Market size is expected to reach 8.85 million Liters.
Who are the key players in Norway Passenger Vehicles Lubricants Market?
BP PLC (Castrol), ExxonMobil Corporation, FUCHS, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in the Norway Passenger Vehicles Lubricants Market.
Which segment has the biggest share in the Norway Passenger Vehicles Lubricants Market?
In the Norway Passenger Vehicles Lubricants Market, the Engine Oils segment accounts for the largest share by product type.
Which is the fastest growing segment in the Norway Passenger Vehicles Lubricants Market?
In 2024, the Transmission & Gear Oils segment accounts for the fastest growing by product type in the Norway Passenger Vehicles Lubricants Market.
What years does this Norway Passenger Vehicles Lubricants Market cover, and what was the market size in 2023?
In 2023, the Norway Passenger Vehicles Lubricants Market size was estimated at 8.86 million Liters. The report covers the Norway Passenger Vehicles Lubricants Market historical market size for years: 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Norway Passenger Vehicles Lubricants Market size for years: 2024, 2025 and 2026.
Norway Passenger Vehicles Lubricants Industry Report
Statistics for the 2024 Norway Passenger Vehicles Lubricants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Norway Passenger Vehicles Lubricants analysis includes a market forecast outlook to 2026 and historical overview. Get a sample of this industry analysis as a free report PDF download.
